by: Admin_LouisPosted on:

The money spent in an organization in order to generate income either now or in the future is

The money spent in an organization in order to generate income either now or in the future is
Expenditure
Expenses
Cost
Recurrent cost

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  1. The amount set aside out of profit earned by a company and constitute part of shareholders fund is called
  2. Cheques which have been issued for payment by a bank account holder but have not been presented for payment at the bank as at the date the bank prepared the bank statement are called
  3. Any transaction that is recorded twice in an account through a debit and a credit entry in the same account is called
  4. A statement sent periodically usually once a month by a seller to his customers, showing the position of their accounts up to a certain date

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